Huge Thb Exchange Gap

Veto · July 20, 2007

hi

if i go for example to a international trade result place like: http://www.xe.com

i get those exchange results:

1.00 USD = 29.7465 THB

1.00 EUR = 41.1782 THB

if i go here in bangkok to the next bank or exchange place i get approximatively :

1.00 USD ~ 33 THB

1.00 EUR ~ 45 THB

i'm not a currency trader but for me this gap is extremely high and feel that something strange is going on.

Knows somebody more?

veto

Torv · July 20, 2007

I'd be interested too, but I thought this was normal?

Anybody predicting when the baht will weaken again, or better yet when the US dollars will be strong again.

Don't want to get a condo on a 33 baht per dollar to find out in six months, it jumps back up to 35,36.

Edited July 20, 2007 by Torv

sbk · July 20, 2007

The baht rate is covered extensively in the business section, where several threads are running. Please post there.

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